Yeti Holdings Inc (NYSE:YETI) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 2,954 call options on the stock. This is an increase of 2,172% compared to the average volume of 130 call options.
Several large investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Yeti by 1.7% during the first quarter. Rhumbline Advisers now owns 22,116 shares of the company’s stock worth $669,000 after purchasing an additional 375 shares during the period. First Mercantile Trust Co. raised its position in shares of Yeti by 5.9% during the first quarter. First Mercantile Trust Co. now owns 8,470 shares of the company’s stock worth $256,000 after purchasing an additional 475 shares during the period. Waldron Private Wealth LLC raised its position in shares of Yeti by 11.3% during the first quarter. Waldron Private Wealth LLC now owns 16,695 shares of the company’s stock worth $505,000 after purchasing an additional 1,695 shares during the period. Emerald Advisers LLC raised its position in shares of Yeti by 0.5% during the first quarter. Emerald Advisers LLC now owns 397,623 shares of the company’s stock worth $12,028,000 after purchasing an additional 1,818 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in Yeti in the 4th quarter valued at $30,000. 22.87% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the company. Goldman Sachs Group lowered Yeti from a “buy” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $33.00 in a research note on Friday, May 3rd. Cowen assumed coverage on Yeti in a research note on Thursday, April 11th. They issued an “outperform” rating and a $35.00 price target on the stock. Morgan Stanley lowered Yeti from an “overweight” rating to an “equal weight” rating and set a $30.75 price target on the stock. in a research note on Friday, March 29th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price target on Yeti from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Bank of America reissued a “buy” rating and issued a $25.00 price target on shares of Yeti in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Yeti currently has an average rating of “Buy” and an average target price of $27.61.
Shares of YETI opened at $29.04 on Thursday. Yeti has a 52-week low of $12.40 and a 52-week high of $36.60. The company has a market capitalization of $2.42 billion and a price-to-earnings ratio of 37.23.
Yeti (NYSE:YETI) last issued its earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $155.40 million for the quarter, compared to analyst estimates of $143.20 million. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Yeti will post 0.92 EPS for the current year.
Yeti Company Profile
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
See Also: Economic Reports
Receive News & Ratings for Yeti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yeti and related companies with MarketBeat.com's FREE daily email newsletter.